THELOGICALINDIAN - North American banking behemothic TD Bank is planning on potentially application Bitcoins basal technology to digitally clue assets on the accessible ledger
According to a United States Patent Application fabricated accessible on March 29th, North American cyberbanking giant The Toronto-Dominion Bank is absorbing in application a accessible broadcast balance to advice clue affairs via point-of-sale computers.
Specifically, TD Bank’s apparent appliance outlines “an accoutrement for use in a agenda asset tracking arrangement includes a accumulator accessory and a processor accompanying to the accumulator device.” According to the application’s abstract:
In laymen’s terms, the technology would acquiesce computers to actualize abstracts blocks which abundance advice about the transacted assets, their amount in authorization currency, and the affairs themselves.
As is usually the case, the apparent appliance was initially filed in September 2024. Whether or not TD Bank affairs on afterward through with the plan charcoal to be seen. Still, this contempo filing from the North American cyberbanking behemothic illustrates the added absorption in Bitcoin’s basal technology from acceptable banking institutions and above corporations.
TD Bank’s apparent appliance is decidedly adulatory in commendations to blockchain technology, writing, amid added things:
Other notable patents appear afresh include Cisco’s appliance to advance a arcane accumulation communications method utilizing Bitcoin’s basal technology, as able-bodied as the United Parcel Service’s affairs for a decentralized locker system accepting Bitcoin as a anatomy of payment.
China currently leads the world in blockchain-related apparent applications, with over 200 in 2017. The United States is second, with 91 over the aforementioned span.
What do you anticipate about acceptable banking institutions co-opting Bitcoin’s basal technology? Let us apperceive in the comments below!
Images address of Wikipedia Commons, Flickr/@Mike Mozart, and Adobe Stock.
